Why Gas Will Not Reach $5 per Gallon This Year
Posted: Tuesday, February 21, 2012
by Terry Mitchell
http://commenterry.blogs.com
Like there was last year and the year before last, there is once again speculation about the average price of gasoline in the U.S. possibly reaching $5 per gallon. And once again, it’s not going to happen. I don’t care what anybody says. I suspect that they might get slightly above $4 (at the most) before Memorial Day and then start coming down again. Don’t be fooled by the load mouths and doomsayers in the media.
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Top-level comments on this article: (3 total)Hey Terry. I have read/heard the prices are going up because of the reinstated gas taxes being adding back into the price; this time the speculations aren't a valid reason. What about that? What are your thoughts on the pipeline? Have a good one.Lorrie, I don't really think it's completely supply and demand this time around. Yes, think some of it has to do with the taxes and some with the situation in Iran. I think Obama made a bad decision re: the pipeline, but I don't think that has any short-term effects. But we're going to lose out in the long run on that one.
Gas prices will go up, probably not to the $5 mark . . . but with the driving months of Spring and Summer, there's always a price gouge. Then there will be a marked drop right before the elections, of which everybody in any position of power will insist it was their doing. Perhaps gas should go up, make people drive more responsibly, efficiently and less. Considering that half of the gas goes to pleasure vehicles (ATVs, off-road vehicles, campers, RVs, boats and pleasure water craft), limos, second cars, gas powered toys, tools and machinery, or accessory motorcycles, people gripe but they pay. And this is truly democratic since those who insist on gas-guzzling vehicles have to buy more and pay more. Ahhh, Karma . . . it has a way of working out. Worst of all, we're all driving around with 100 year old technology. If personal vehicles had progressed as far and fast as computers and communications, we'd all be teleporting around right now. Shame we're not all tele-commuting a lot more. Oh, Taxi! . . .Octavia, you made some good points and I do believe people should be more conservative with their use of fossil fuels. However, (and you knew that was coming, right?) I never see high gas prices as a good thing. I would love to see $2 gas again, wouldn't you?
I wish Gas Prices was as high in Iran as in USA. but cheap gas prices in Iran made us consume 6 time more than world average.Very interesting. But I look at it from the other perspective. I would like gas prices in the USA to be as low as they are in Iran.I've heard that gasoline is cheaper than drinking water in Iran. Is that true?Unfortunately yes. they are close in price.
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